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rogshore

  1. Rates taking it on chops w/optimistic & puzzling employment report analysts missed by mile. CONV & FHA @ 5.000%. Need to let dust settle.
  2. Rate markets showing some late afternoon strength. CONV & FHA currently at 4.875% but could see some improvement yet today.
  3. CONV & FHA @ 5.000% but may soon see re-pricing as mtg prices are off from this mornings highs.
  4. CONV @ 5.250% & FHA @ 5.125%. Mkts nervous ahead of Fed stmt @ 2:15 today. No increase by Fed likely but trend will be upward from here.
  5. CONV & FHA holding steady @ 5.125%. Volatility level still high. FTHB passes Senate procedural vote. Full Senate may vote late in wk.
  6. CONV & FHA @ 5.125%. Rates stable ahead of Fed mtg on Wed. & Oct. Non-Farm Job Loss Rpt on Fri. This could be huge for rates. Up or down.
  7. Stk mkt taking a dive helping rates. CONV & FHA @ 5.125%. New FTHB extension in Congress would allow Step Up buyers up to $6500 credit.
  8. CONV & FHA @ 5.250%. FTHB Tax Credit has great shot at being passed if politics don't get involved. New Step Up Buyer credit also included.
  9. Ugly Jobless Rpt has firmed rates. CONV & FHA @ 5.250%. Claims +11K & Continuing Claims +100K. Ungood. Sign of people's benefits expiring.
  10. Rate mkts opened a bit softer this a.m. CONV & FHA @ 5.250%. Outlook for rates looking bearish. Ease in recession may drive increases.
  11. Rates firming up w/CONV & FHA @ 5.125%. Mtg mkts now have good support @ present levels. Odds looking better for FTHB Tax Credit extension.
  12. Markets and banks closed today for Columbus Day. Rates are the same as Friday's.
  13. Mtg mkts continue to get hammered. Support levels have been broken. Re-pricing is occurring.
  14. Rates up from early a.m. CONV & FHA @ 5.125%. Stk mkt driving force again. Unless it slumps may have seen bottom of rates for a while.
  15. CONV & FHA @ 5.000% and cautiously holding. Mtgs off early morning highs but still up for the day. Eyes on today's 10yr auction.
  16. New bill in Congress is a FHA & biz killer. Wants to increase DP from 3.5% to 5%. Contract your Congress Rep NOW!
  17. After early gains on very bad Jobs Rpt rates bump up. CONV & FHA @ 5.000%. Jobs Rpt worse by 30%+ than expected. Look for rates to go lower.
  18. Rate mkt rally after key resistance level broken. CONV & FHA @ 5.000%. Jobs rpt tomorrow key for continued rally. Stay tuned.
  19. Rate mkt is slipping. -7/32 from this a.m. Re-pricing is possible. If you have clients that are floating call and get them locked.
  20. CONV & FHA @ 5.125%. Rate mkt off slightly this a.m. Several rpts out unexpectedly negative. Stk mkt diving. Reality sux for stk traders.